Omron 2001 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2001 Omron annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

Consolidated Statements of Cash Flows
Omron Corporation and Subsidiaries
Years ended March 31, 2001, 2000 and 1999
Thousands of
Millions of yen U.S. dollars (Note 2)
2001 2000 1999 2001
Operating Activities:
Net income ............................................................................................. ¥22,297 ¥11,561 ¥ 2,174 $179,815
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization............................................................ 32,217 31,445 31,396 259,815
Net loss on sales and disposal of property, plant and equipment ..... 760 412 458 6,129
Net gain on sales of short-term investments
and investment securities ................................................................. (3,703) (2,783) (1,725) (29,863)
Loss on impairment of investment securities and other assets.......... 2,460 2,072 — 19,839
Bad debt expenses............................................................................. 3,810 5,638 — 30,726
Termination and retirement benefits ................................................... 4,990 5,778 4,178 40,242
Deferred income taxes........................................................................ (5,402) (5,809) (6,358) (43,565)
Minority interests................................................................................. 422 427 31 3,403
Loss on sale of business entities ........................................................ —— 286 —
Changes in assets and liabilities, net of effects of
business entities sold:
Notes and accounts receivable — trade, net.................................. (5,593) 2,507 2,025 (45,105)
Inventories ....................................................................................... (13,320) (534) 10,529 (107,419)
Other assets .................................................................................... 875 (3,030) 5,306 7,056
Notes and accounts payable — trade ............................................ 3,620 10,062 (11,969) 29,194
Income taxes payable ..................................................................... 3,438 2,633 (5,967) 27,726
Accrued expenses and other .......................................................... 4,140 (585) (970) 33,387
Other, net ............................................................................................ (215) 132 189 (1,734)
Total adjustments............................................................................ 28,499 48,365 27,409 229,831
Net cash provided by operating activities ................................... 50,796 59,926 29,583 409,646
Investing Activities:
Proceeds from sales or maturities of short-term investments
and investment securities..................................................................... 9,746 32,289 26,780 78,597
Purchase of short-term investments and investment securities ............ (5,761) (37,413) (22,275) (46,460)
Capital expenditures............................................................................... (37,583) (31,146) (36,696) (303,089)
Decrease (increase) in leasehold deposits ............................................. (538) 1,456 (527) (4,339)
Proceeds from sales of property, plant and equipment ......................... 1,953 1,081 1,895 15,750
Acquisition of minority interests ............................................................. (182) (447) (186) (1,468)
Proceeds from sales of business entities............................................... —— 1,998 —
Net cash used in investing activities............................................ (32,365) (34,180) (29,011) (261,009)
Financing Activities:
Net borrowings (repayments) of short-term bank loans......................... (1,371) (18,087) 15,515 (11,057)
Proceeds from issuance of long-term debt............................................ 715 775 25,413 5,766
Repayments of long-term debt............................................................... (1,650) (3,102) (8,956) (13,306)
Dividends paid ........................................................................................ (3,337) (3,371) (3,372) (26,911)
Share buyback........................................................................................ (18,338) — (6,971) (147,887)
Treasury stock ........................................................................................ (749) —— (6,040)
Exercise of stock options ....................................................................... 148 —— 1,193
Net cash provided by (used in) financing activities ..................... (24,582) (23,785) 21,629 (198,242)
Effect of Exchange Rate Changes on Cash
and Cash Equivalents ............................................................................ 3,102 (2,191) (1,666) 25,016
Net Increase (Decrease) in Cash and Cash Equivalents ...................... (3,049) (230) 20,535 (24,589)
Cash and Cash Equivalents at Beginning of the Year .......................... 88,670 88,900 68,365 715,081
Cash and Cash Equivalents at End of the Year..................................... ¥85,621 ¥88,670 ¥88,900 $690,492
See notes to consolidated financial statements. Omron Corporation 31